“LocatED [‘Britain’s biggest property start-up’] is a government-owned property company and will operate with a £2 billion budget, making it one of largest purchasers of land in the UK. Working directly with landowners, agents and developers across Britain, LocatED has been established to help overcome some of the challenges of securing sites and land for new free schools”.
“Schools are facing an estimated £3 billion shortfall in the Government’s education budget by 2020. Yet despite this, and while arguing for austerity, the Government has announced that, as part of its ideologically-driven free schools experiment, it is setting up a ‘government-owned property company’ that ‘will operate with a £2 billion budget’. That money should be invested in our cash-strapped schools instead.”
Is it really the Department for Education’s role to set up a property company? Do let us know your thoughts…